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Otto Energy Limited, together with its subsidiaries, operates as an oil and gas exploration and production company in North America. The company's principal projects include its 50% interest in the South Marsh Island 71 project. Its projects portfolio also comprises 37.5% working interest in Lightning, Matagorda County Texas; and 16.7% working interest in Green Canyon 21 lease in the Gulf Mexico. The company was formerly known as Ottoman Energy Limited and changed its name to Otto Energy Limited in August 2006. Otto Energy Limited was incorporated in 2004 and is based in Adelaide, Australia.

Otto Energy Dividend Announcement

Otto Energy announced a quarterly dividend of A$0.01 per ordinary share which will be made payable on 2024-12-20. Ex dividend date: 2024-12-12
Otto Energy annual dividend for 2024 was A$0.05
Otto Energy's trailing twelve-month (TTM) dividend yield is 400.0%

Otto Energy Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-12-12A$0.01quarterly2024-12-20
2024-10-22A$0.01quarterly2024-10-30
2024-08-20A$0.01quarterly2024-10-30
2024-06-04A$0.01quarterly2024-08-28
2024-04-30A$0.01quarterly
2024-02-28A$0.01quarterly
2015-06-12A$0.00quarterly2015-06-26

Otto Energy Dividend per year

Otto Energy Dividend Yield

Otto Energy current trailing twelve-month (TTM) dividend yield is 400.0%. Interested in purchasing Otto Energy stock? Use our calculator to estimate your expected dividend yield:

Otto Energy Financial Ratios

P/E ratio-25.92
PEG ratio-0.26
P/B ratio0.82
ROE-3.34%
Payout ratio0.00%
Current ratio21.65
Quick ratio21.32
Cash Ratio20.36

Otto Energy Dividend FAQ

Does Otto Energy stock pay dividends?
Otto Energy does not currently pay dividends to its shareholders.
Has Otto Energy ever paid a dividend?
No, Otto Energy has no a history of paying dividends to its shareholders. Otto Energy is not known for its dividend payments.
Why doesn't Otto Energy pay dividends?
There are several potential reasons why Otto Energy would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Otto Energy ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Otto Energy has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Otto Energy a dividend aristocrat?
Otto Energy is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Otto Energy a dividend king?
Otto Energy is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Otto Energy a dividend stock?
No, Otto Energy is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Otto Energy stocks?
To buy Otto Energy you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Otto Energy stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.